Understanding A Last Will And Testament

The Last Will and Testament, which most people understand to be a “Will,” is used, among other things, to designate the recipients of an individual‘s property upon their death (see more detailed discussion below). In the absence of a Will, the distribution of an individual‘s property will be determined by the State according to an intestacy statute. In many cases, the distribution of an individual‘s belongings pursuant to an intestacy statute does not conform with their actual wishes. In some limited cases, the decedent‘s belongings may actually become property of the local Board of Education. 

Scott Estate Law, can provide a basic/simple Last Will and Testament that directs, among other things, the manner in which an individual wants their assets to be distributed upon their death, and designates a Personal Representative. For many individuals concerned primarily about cost, our basic Last Will and Testament will provide a low–cost, high quality product. 

Although we are willing to provide the basic/simple Last Will and Testament, we recommend our clients strongly consider a contingent special needs trust for all potential bequests. We also recommend that our clients strongly consider testamentary trusts that provide their loved ones with lifelong protection from creditors and increased protection from divorcing spouses.  

Estate Planning
Ready to protect your legacy? Call Scott Estate Law at 443-800-1937 to start your personalized estate plan.